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EUR/USD reversal on the cards below 1.1360 - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Shaun Osborne Chief FX Strategist at Scotiabank explained that EUR/USD has really struggled to maintain the 1.14 level after last week’s month-end fuelled push higher.

    Key Quotes:

    "Short-term patterns suggest a top is in at 1.1435/40 now but sustained weakness below 1.1360 intraday is needed for spot to push lower towards 1.1300/10.

    Daily patterns are showing signs of softness, suggesting some risk of a deeper reversal in the EUR’s recent gains."
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